How long the high transaction fees will last?

[stadus]

I haven't read the news yet, but it's been several days since the transaction fee has been very high. I checked on https://mempool.emzy.de/ and this is what I see now.



As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

[NotATether]

I guess all I can advise you is don't make penny bets if you don't have the funds in the casino for them. You don't want to be paying crazy amounts in fees that will wipe away penny winnings.

[Obari]

I haven't read the news yet, but it's been several days since the transaction fee has been very high. I checked on https://mempool.emzy.de/ and this is what I see now.



As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

For now all you simply have to do is use the high priority option if you do feel your transaction is very urgent and you can't wait for the  network.
I've noticed is abnormalities since last week and until now we're still suffering  this shit which is very wrong and I thought it was just some minor irregularities and I was hoping it gets fixed before it gets noticed but unfortunately tye reverve is now the case as it is becoming so obvious and it seems no one is doing anything about it but rather just relaying on hopes and fate which I'm sure would save us.

20 dollar isn't bo small money in ny local currency and now one has to pay 3 dollar even for no priority and 3 dollar is over 2 thousand naira in ny local currency.

[Charles-Tim]

Nobody knows when the mempool will be less congested. Better do not deposit bitcoin for now on betting sites, you need to also consider how high the withdrawal fee can be on custodial platforms. There are altcoins that you can use instead for now.

[BIT-BENDER]

Well I do gamble but just like you I use small fraction of bitcoin to carry out my staking on games, any time I win and the returns are quite considerable and tangible I with draw my earnings.

While withdrawing my earnings I try as much as possible to keep some fraction of bitcoin for future staking, firstly you never can tell the time you would see a good game to bet on (before you can send you funds to the gambling site may be too late) and also doing that can save you the headaches of transactions fees

But be guarded never leave much funds on the gambling site and always ensure to use legit and respected gambling sites.

[Cantsay]

So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

So you can't predict the day the congestion in the network will reduce the best thing to do right now is to use stable coin of a network with low gas fee like Binance or polygon  network.
It's not advisable to withdraw now, unless you're ready to wait or want to spend large amount of your coin in gas fee.

[Hyphen(-)]

I haven't read the news yet, but it's been several days since the transaction fee has been very high. I checked on https://mempool.emzy.de/ and this is what I see now.



As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

I understand how you feel right now, but mempool has been congested for a few weeks now, and no one can predict when it will be less congested, as others have stated. As a result, if you are desperate to bet, use the medium priority and risk having your transaction delayed for some time, or if you can afford the high priority transaction fee, you are good to go.

[Wapfika]

As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

If the amount in your casino is you can afford to lose then just stay it there and use it for gambling since there’s a high chance that this high transaction fee shenanigans will continue for a month of more due to the bullshit ordinals that being use by degen to attached picture on blocks.

I have some balance too on my casino that I’m using for my casual bets. I don’t mind leaving it there so that I will still have funds available when my gambling crave kicks in. You’ll never when you will have an urge to game and the transaction might be more expensive when the time comes.

Withdraw immediately if needed badly your funds.

[meanwords]

I haven't read the news yet, but it's been several days since the transaction fee has been very high. I checked on https://mempool.emzy.de/ and this is what I see now.



As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

It seems that the Hype around Ordinal is congesting the network and we can see that it's going to take a lot of time until fees go down. I think we all know it, Ordinal is the hot thing this year and traders, investors, and even scammers are taking advantage of this. There's a post made by @pooyah87 which tells how scams are increasing in numbers, which results into flooding the network and increasing the fees.

It's a really rough situation right now without the knowledge of when this is going to end.

[stadus]

I guess all I can advise you is don't make penny bets if you don't have the funds in the casino for them. You don't want to be paying crazy amounts in fees that will wipe away penny winnings.

My betting range is actually between $20 and $100 per bet, so a $20 transaction fee is quite high for me. Even though I still have some funds in my bookie account, I'm afraid that I won't be able to top up once it's all wiped out

20 dollar isn't bo small money in ny local currency and now one has to pay 3 dollar even for no priority and 3 dollar is over 2 thousand naira in ny local currency.

YEAH, that's why no way I'll gamble now.

Nobody knows when the mempool will be less congested.

I hope the high transaction fees will not last a month though, as it's trouble now for small-time bettors like me.

There are altcoins that you can use instead for now.

That's okay if I'll buy altcoins with fiat, but for now, I have a little bitcoin that I'd like to use whenever necessary.

As a result, if you are desperate to bet, use the medium priority and risk having your transaction delayed for some time, or if you can afford the high priority transaction fee, you are good to go.

The medium priority transaction fee is still high, as it's only slightly less than the high priority fee with just over a dollar difference.

[GeorgeJohn]

Nobody knows when the mempool will be less congested. Better do not deposit bitcoin for now on betting sites, you need to also consider how high the withdrawal fee can be on custodial platforms. There are altcoins that you can use instead for now.

You make payment or bet in Casino platform, the thing is that since we are experiencing high fees in bitcoin that doesn't mean that we most withdraw with bitcoin, some altcoins has low withdrawing fees that's more better than bitcoin which you can withdraw with, I could remember during the time my rank was member and I participated in betnomi signatures campaign and fee to withdraw our payment was high in bitcoin and i switch to litecoin and fee was lower than bitcoin fees and I was alright, cool with it, except in such Casino platform its only one option is given and the option is bitcoin and its compulsory that you most withdraw with bitcoin then I will advice people to hold done until high fees reduces.

[Rruchi man]

As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

I made a transaction today, but the fee I had to pay was very high to ensure it went through. For me I personally have resolved to myself not to make any other transactions on the network again until the the congestion is less and fees reduced because it is too much for me, and I can only pay such fees when I am under pressure. For gamblers who this development is affecting, It is frustrating, but for the time being you can stop gambling on crypto casino's. Wait till things settle down, or if you cannot wait, go gamble with fiat.

[hd49728]

You won't get rich by penny bet so don't accept crazy expensive fee just to deposit your small bitcoin amount to a gambling site.

No one knows when mempools will get better but at least 1 or 2 months if nothing will be heated up more by Ordinals, BRC-20 tokens. We don't know what will happen with them so best to wait and check mempools every week especially every weekend. Hopefully you will find some acceptable fee rates in next weekends.

[Charles-Tim]

You make payment or bet in Casino platform, the thing is that since we are experiencing high fees in bitcoin that doesn't mean that we most withdraw with bitcoin

It depends on the gambling site that you are using, there are some gambling sites that you must withdraw your coins compulsory using the network that you used for deposit. Stake is an example. Some gambling sites have exchange function, while some make you to withdraw in any other available network that they listed on their gambling platform. This remains to OP as he is the one that knows the gambling site he is using.

[AHOYBRAUSE]

You make payment or bet in Casino platform, the thing is that since we are experiencing high fees in bitcoin that doesn't mean that we most withdraw with bitcoin

It depends on the gambling site that you are using, there are some gambling sites that you must withdraw your coins compulsory using the network that you used for deposit. Stake is an example. Some gambling sites have exchange function, while some make you to withdraw in any other available network that they listed on their gambling platform. This remains to OP as he is the one that knows the gambling site he is using.

Well all the sites I know only withdraw to which currency you have. And those are all the big ones like the mentioned stake, but also sportsbet.io, nitro and so on.

Actually I have seen no site that lets u deposit A and withdraw B. Those must be fiat sites that only offer crypto to attract more players.

When you deposit btc, you play with btc. That means your winnings are also in btc -> can only be withdrawn in btc.

I gave up on btc with gambling a while ago. Almost all good sites offer altcoins as an alternative.

At stake for example you pay like 2$ in withdrawal fee (even still now) for btc withdrawals, while with LTC or XRP you pay 0.01$ or less. Easy decision.

[CryptoHeadlineNews]

I thought maybe I was the only one facing this high transaction fee and never knew it was general, because I started to notice this high transactions fee since last week Friday when I wanted to transfer 0.001 BTC (#12,976) from my Trust wallet into my Binance account where I could sell using p2p into my local currency, and I notice the fee which is most times between the range of #300 to #500 has skyrocketed to #3000, which was way too high and for that reason, I didn't transfer the funds hoping that by today the fee might have gone down, but only for me to check this morning and noticed the fee has gone too high  4x from #3000 to #10,263 as transfer fee, of which with this current high fee, I don't think I will be touching my Bitcoin anytime soon.

[bakasabo]

As a gambler, I'm a bit worried if this trend will continue because I have some fraction of bitcoin that I'd like to use for gambling, especially for the NBA playoffs. So for my fellow gamblers, or those who really need to transact with their bitcoin, what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

I advice you to make deposits now for future betting, as it seems that we are going to face expensive transaction fees for quite a time. Probably until we get another trend on cryptocurrency market. Right now NFT on Bitcoin blockchain are killing network and whole idea of Bitcoin. The situation is similar to expensive transaction in Ethereum network and popularity of DEX. That trend started to lose its power when metaverses were announced and people have switched their attention to it. Right now Bitcoin is following Ethereum path imho. So I see two options for you, make deposits now and keep balance on gambling platforms, or wait for months for lower fees.

[Sayeds56]

what are the best things to do now in order to save from fees and avoid having our transactions stay unconfirmed for too long?

The reason behind soaring transactions fee on Bitcoin network is, launching of  BRC-20 ( Experimental token standard) which seems to be inspired by Ethereum network. This has attracted the attention of those who want to create their own tokens similar to NFTs and list them for selling without the need of any smart contract. This is causing congestion due to minting of NFT tokens. I would suggest you to conduct your transactions during off-peak hours (at night or early morning) when fee is comparatively low.

https://www.makeuseof.com/reasons-bitcoin-transaction-fees-are-so-high-right-now/#:~:text=As%20people%20continue%20to%20mint,very%20suited%20to%20high%20demand.

[Hispo]

If I had to guess, I would assume that this trend is going to continue as long as the Bitcoin NFTs and the shit-tokens in our chain continue to be relevant and people try to speculate in the FOMO stage of this madness.

For now, I am kind of optimistic that those assets will eventually enter bubble territory and from there it would be just matter of time before the bubble burst, during the final phases of the bubble, people will realize that the party is over and hopefully many of them would go back to gamble with ETH tokens or something.

Or course, that is mostly wishful thinking, more tokens and useless NFTs will continue to be minted as long as the developers continue to leave this unsolved.

[Gozie51]

I'm afraid that I won't be able to top up once it's all wiped out

My advise is to keep your mind on betting to the limit in your betting account so that you don't have empty hope and take irrational decision with what you have left. The mempool have been congested close to two weeks and if you check blockchain at the moment, there are more numbers of transactions waiting on the queue. So no one knows how longer it will take for the fees to be normal again.

Edit: You are not the only one queued up, you can see this transaction on Roobet thread.